Looking at the 1h chart, it’s hanging around 1.553 after a pretty rough rejection from that 1.660 area earlier. It’s making these lower highs that just look heavy. The buy side in the order book is stacked at 63% which usually sounds good, but the price is barely budging. If we can't clear 1.61 soon, I’m worried we’re just consolidating before another dip to test that 1.522 support again. Volume is looking a bit thin too. I’m staying cautious because this feels like one of those "fake out" zones where it could go either way in a heartbeat.
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Is $DOT actually forming a trap right now?
Looking at the 1h chart, it’s hanging around 1.553 after a pretty rough rejection from that 1.660 area earlier. It’s making these lower highs that just look heavy.
The buy side in the order book is stacked at 63% which usually sounds good, but the price is barely budging. If we can't clear 1.61 soon, I’m worried we’re just consolidating before another dip to test that 1.522 support again.
Volume is looking a bit thin too. I’m staying cautious because this feels like one of those "fake out" zones where it could go either way in a heartbeat.
#JaneStreet10AMSellOff